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Tuesday, January 03, 2006

Oregon Unemployment Got Worse Under Min Wage Law

Econopundit shows how min wage proponents lie about its effect on employment. The NYT had this quote:

Tim Nesbitt, the former president of the Oregon A.F.L.-C.I.O., said that despite having one of the highest minimum wages in the country at $7.25 an hour, Oregon had twice the rate of job growth as the rest of the country.

But Econopundit has the actual data:

[A]s the rest of the US explores life with unemployment rates around 4.9%, Oregon languishes at 6.5% -- just what that big bad economics textbook says will happen!

That is something NYT writer John Broder dubbed "so much bullshit". Name-call when you don't have the argument.

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